Before securing financing for a property, it is important to be familiar with a few mortgage basics: The loan process, types of loan programs available, common mortgage terms, and factors affecting your loan, such as credit. This information applies to refinancing as well.
This section contains information that will help you better understand loan programs and the financing process. However, you should still consult an experienced Loan Officer when you have questions or need advice or should you need someone to explain refinancing a mortgage.
Below are links to pages with simple, clear explanations that can aid in making your mortgage experience a smooth one.
The Lending Process
Credit Basics
Types of Loans
Common Terms
Equal
Housing Lender. Michagan Metro Mortgage is a division of Metrocities
Mortgage, LLC, is a Delaware limited liability company licensed
by the California Department of Corporations under the California
Residential Mortgage Lending Act. Michigan Mortgage Broker/Banker
Registration FR0924. Information is subject to change without
notice. This is not an offer for extension of credit or a commitment
to lend.